Clipper Realty Inc. (NYSE:CLPR – Get Free Report) announced a quarterly dividend on Thursday, May 14th. Stockholders of record on Tuesday, May 26th will be paid a dividend of 0.095 per share on Thursday, June 4th. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date of this dividend is Tuesday, May 26th.
Clipper Realty Stock Performance
Shares of NYSE:CLPR opened at $3.04 on Friday. Clipper Realty has a 52-week low of $2.83 and a 52-week high of $4.61. The company has a market capitalization of $49.06 million, a P/E ratio of -2.22 and a beta of 0.98. The company has a 50-day simple moving average of $3.16 and a 200 day simple moving average of $3.43.
Clipper Realty (NYSE:CLPR – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.39). The company had revenue of $38.12 million for the quarter, compared to analyst estimates of $39.60 million. As a group, equities analysts forecast that Clipper Realty will post 0.32 earnings per share for the current year.
Clipper Realty Company Profile
Clipper Realty Inc is a publicly traded real estate investment trust that acquires, owns and manages multifamily residential and mixed‐use properties in the Greater New York metropolitan area. Since its initial public offering in early 2017, the company has focused on strategically sourcing apartment buildings and retail space in Manhattan and Brooklyn, with an emphasis on value‐add opportunities that can benefit from in‐house leasing, renovation and operational efficiencies.
The company’s primary activities include property acquisition, selective repositioning and asset management.
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